The IRS has released the
2015 inflation-adjusted limits for certain employee welfare benefit
plans and the dollar amounts used for certain discrimination
Most notably, the limit for employee salary reduction contributions
towards health flexible spending account coverage has been increased
to $2,550 (for plan years beginning on or after January 1, 2015), an
increase of $50 from the amount for 2014.
Health Savings Accounts.
The 2015 limit on contributions to health savings accounts
("HSAs") increases to $3,350 for a self-only HSA and $6,650
for a family HSA. For 2015, a high deductible health plan
("HDHP") must have a minimum deductible of $1,300 for
self-only coverage, and $2,600 for family coverage. The maximum
out-of-pocket amount for an HDHP (including deductibles, co-payments
and other amounts, not including premiums) cannot exceed $6,450 for
self-only coverage and $12,900 for a family.
There were no changes to the limits for dependent daycare flexible
spending account contributions, and the maximum tax-exempt benefit
from a dependent care assistance plan remains at $5,000, as this
amount is not indexed to inflation.
Transportation and Parking.
For 2015, qualified transportation benefit limits for transit passes
remains at $130 per month 2015, and the exclusion for qualified
parking for 2015 remains at $250 per month.
Highly Compensated Employee. For
the definition of "highly compensated employee", which is
used in several welfare plan discrimination tests, the threshold
increases from $115,000 to $120,000 for 2015, when determinations are
based on compensation from the preceding year.